ABC News has announced the suspension of the correspondent behind an erroneous report that led to a 350-point drop in the Dow Jones Industrial Average and forced the network to issue several embarrassing corrections.

Chief Investigative Correspondent Brian Ross has been suspended without pay for four weeks, according to Fox News.

In a statement cited by Fox, ABC said Ross’ report “had not been fully vetted through our editorial standards process.”

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ABC News was widely criticized Friday for inaccurately reporting a key detail involving special counsel Robert Mueller’s investigation into former National Security Adviser Michael Flynn.

Ross’ report, however, turned out to be false. It was during the transition period, after Trump had already been elected president, that the then-president-elect told Flynn to contact the Russians, according to the Flynn confidant.

Trump’s instruction to Flynn, then, could not have influenced the election, given that Election Day had already passed and Trump was set to be inaugurated.

Hours after the original report came out, Ross had to correct what he had said on “ABC World News Tonight.”

“(A) clarification tonight on something one of Flynn’s confidants told us and we reported earlier today,” he said, according to CNN.

“He said the president had asked Flynn to contact Russia during the campaign. He’s now clarifying that saying, according to Flynn, candidate Trump asked him during the campaign to find ways to repair relations with Russia and other world hot spots. And then after the election, the president-elect asked him to contact Russia on issues including working together to fight ISIS.”

That evening, the network also took to Twitter to issue a “clarification” on its inaccurate reporting.

ABC News “Clarification”

However, many people, including well-known conservative figures, still criticized the network, claiming that a “clarification” was not enough to remedy the issue.

.@ABC “news” owes it viewers an apology. Calling false reporting a “clarification” is a cop out and just another reason for the decline in trust of the media

What makes it worse is that ABC won’t admit its error and now tries to sugar coat it with now calling their correction just a ‘clarification’ – (and other news organizations of course repeated ABC original story) https://t.co/bgZhtK40wB

Eventually ABC changed its “clarification” to a “correction.” The network deleted its “clarification” tweet and posted a new one.

CORRECTION of ABC News Special Report: Flynn prepared to testify that President-elect Donald Trump directed him to make contact with the Russians *during the transition* — initially as a way to work together to fight ISIS in Syria, confidant now says. https://t.co/ewrkVZTu2Kpic.twitter.com/URLiHf3uSm